Island Time Ministries
EIN: 822080987 · Newcastle, WA · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $683K |
| Total Expenses | $617K |
| Net Assets | $70K |
Is Island Time Ministries Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Island Time Ministries
Island Time Ministries (EIN: 822080987) is a nonprofit organization based in Newcastle, WA, classified under NTEE code X20. The organization reported total revenue of $683K and total assets of $137K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Island Time Ministries's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Island Time Ministries is a small nonprofit that has been operating for 9 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 27.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $654K |
| Total Expenses | $617K |
| Surplus / Deficit | +$37K |
| Total Assets | $170K |
| Total Liabilities | $100K |
| Net Assets | $70K |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 58.8% |
| Months of Reserves | 3.3 months |
Financial Health Grade: A
In 2023, Island Time Ministries reported a surplus of $37K with revenue exceeding expenses, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 58.8% (high leverage).
Financial Trends
Over 7 years of filings (2017–2023), Island Time Ministries's revenue has grown at a compound annual growth rate (CAGR) of 27.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.4% | +28.0% | +27.5% |
| 2022 | +47.6% | +30.0% | +25.0% |
| 2021 | +78.7% | +20.4% | +35.7% |
| 2020 | -51.2% | -16.1% | +160.2% |
| 2019 | +25.5% | +16.6% | +1529.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Island Time Ministries has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Island Time Ministries with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $37K, with revenue exceeding expenses.
- Debt-to-asset ratio: 58.8%.
Frequently Asked Questions about Island Time Ministries
Is Island Time Ministries a legitimate charity?
Island Time Ministries (EIN: 822080987) is a registered tax-exempt nonprofit based in Washington. It has 7 years of IRS 990 filings on record. Total revenue: $683K. No red flags identified. Financial health grade: A.
How does Island Time Ministries spend its money?
Island Time Ministries reported $683K in total revenue in IRS 990 filings. 7 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Island Time Ministries tax-deductible?
Island Time Ministries is registered as a tax-exempt nonprofit (EIN: 822080987). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Island Time Ministries located?
Island Time Ministries is headquartered in Newcastle, Washington and files with the IRS under EIN 822080987. It is classified under NTEE code X20.
How many years of IRS 990 filings does Island Time Ministries have?
Island Time Ministries has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $683K in total revenue.
Filing History
IRS 990 filing history for Island Time Ministries showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Island Time Ministries's revenue has grown by 320.2%, moving from $156K to $654K. Total functional expenses rose by 301.3%, from $154K to $617K. In its most recent filing year (2023), Island Time Ministries reported a surplus of $37K, with revenue exceeding expenses. The organization holds $100K in liabilities against $170K in assets (debt-to-asset ratio: 58.8%), resulting in net assets of $70K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $654K | $617K | $170K | $100K | — | — |
| 2022 | $509K | $482K | $133K | $100K | — | View 990 |
| 2021 | $345K | $371K | $107K | $100K | — | View 990 |
| 2020 | $193K | $308K | $79K | $164K | — | View 990 |
| 2019 | $396K | $367K | $30K | $0 | — | View 990 |
| 2018 | $315K | $315K | $2K | $0 | — | View 990 |
| 2017 | $156K | $154K | $0 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $654K, expenses of $617K, and assets of $170K (revenue +28.4% year-over-year).
- 2022: Revenue of $509K, expenses of $482K, and assets of $133K (revenue +47.6% year-over-year).
- 2021: Revenue of $345K, expenses of $371K, and assets of $107K (revenue +78.7% year-over-year).
- 2020: Revenue of $193K, expenses of $308K, and assets of $79K (revenue -51.2% year-over-year).
- 2019: Revenue of $396K, expenses of $367K, and assets of $30K (revenue +25.5% year-over-year).
- 2018: Revenue of $315K, expenses of $315K, and assets of $2K (revenue +102.6% year-over-year).
- 2017: Revenue of $156K, expenses of $154K, and assets of $0.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Island Time Ministries:
Data Sources and Methodology
This transparency report for Island Time Ministries is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.